Jiaxin Silk (002404): To Continue To Buy Back The Company'S Shares Of RMB 50-100 Million

Jiaxin silk (002404. SZ) announced that the company intends to continue to use its own funds to buy back part of the company's social public shares through centralized bidding for equity incentive or employee stock ownership plan. The total amount of repurchase funds is not less than 50 million yuan, not more than 100 million yuan, and the repurchase price is not more than 8.5 yuan per share. The implementation period of share repurchase is within 12 months from the date when the company's board of directors deliberates and approves the share repurchase plan.

It is worth noting that the company held the 22nd Meeting of the 7th board of directors and the 13th meeting of the 7th board of supervisors on June 20, 2019, which deliberated and passed the proposal on the scheme of repurchase part of public shares by means of centralized bidding. The company plans to use its own funds to buy back part of the company's public shares by means of centralized bidding for equity incentive or employee stock ownership plan; the total amount of repurchase funds shall not be less than 50 million yuan, not more than 100 million yuan, and the repurchase price shall not exceed 7.5 yuan per share.

As of June 19, 2020, the share repurchase period has expired. During the repurchase period, the Company repurchased 8.953 904 shares, accounting for 1.55% of the company's total share capital, through the special account for stock repurchase. The highest transaction price was 5.86 yuan / share, the lowest transaction price was 5.197 yuan / share, and the total transaction amount was about 50.1546 million yuan (excluding transaction costs).